Alps Electric (OTCMKTS:APELY) Shares Gap Down Following Analyst Downgrade

Alps Electric (OTCMKTS:APELY)’s share price gapped down prior to trading on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $27.9442, but opened at $26.13. Alps Electric shares last traded at $26.13, with a volume of 1,230 shares.

Alps Electric Stock Performance

The stock has a fifty day moving average of $27.69 and a 200 day moving average of $27.13. The company has a market capitalization of $2.85 billion, a P/E ratio of 15.39 and a beta of 0.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11.

Alps Electric Company Profile

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.